Dry Good
Tractor Supply - Owensville, MO
1208 Hwy 28, Owensville, MO 65066
Listing Price: $2,037,000
Investment Overview
Marcus & Millichap is Pleased to Present for Sale Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri. Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038. Minimal Competition – No Other National Rural Lifestyle Retailer in the Vicinity; Walmart is Only Real Local Competitor. Located Along Highway 28 – Owensville’s Primary Arterial.
Tractor Supply - Owensville, MO
Investment Highlights
- Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri
- Extremely Low 2.8 Percent Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
- Low Rent of Only $3.22 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
- Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
- TSCO is Currently in Process of Store Rebranding & Remodel, Further Demonstrating Strong Commitment
- 5 Percent Rent Increase in 2030 and 10 Percent Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
- Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
- Located Along Highway 28 – Owensville's Primary Arterial
Listing Price: $2,037,000
Investment Highlights
- Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri
- Extremely Low 2.8 Percent Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
- Low Rent of Only $3.22 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
- Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
- TSCO is Currently in Process of Store Rebranding & Remodel, Further Demonstrating Strong Commitment
- 5 Percent Rent Increase in 2030 and 10 Percent Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
- Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
- Located Along Highway 28 – Owensville's Primary Arterial
Investment Overview
Marcus & Millichap is Pleased to Present for Sale Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri. Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038. Minimal Competition – No Other National Rural Lifestyle Retailer in the Vicinity; Walmart is Only Real Local Competitor. Located Along Highway 28 – Owensville’s Primary Arterial.
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